1st Grade Economics
Quiz
•
Social Studies
•
1st Grade
•
Medium
Sara Wheeler
Used 2+ times
FREE Resource
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11 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is scarcity?
Limited wants are less than unlimited resources
You can have everything you want if you work hard enough
Unlimited wants are greater than limited resources
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money is limited.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Select the goods.
A pair of shoes
A car wash
A hair cut
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A want is something that you cannot live without.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an income?
Money you get from the government
Paying your bills
Money you earn by working
Money you get for playing
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Choose the service.
A new pair of shoes
Cooking food for someone at a restaurant
A jacket
A sandwich
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You are making a good choice if you buy wants first and then needs.
True
False
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